This property looks like a bad Long-Term investment with a projected -7.84% first-year return on $66,759 initial cash invested.
-7.84%
Cash On Cash
4.94%
Cap Rate
0.8
DSCR
$2,046
Rent
-$436
Cashflow
Cash Flow
$2,046 income − $2,482 expenses = $436 out of pocket
Investment Breakdown
|
Purchase Price
$318k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$66,759
Downpayment
20%
$63,580
Closing costs
1%
$3,179
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,046
Total Expenses
$2,482
Mortgage P&I
80%
$1,643
Property Taxes
10%
$195
Home Insurance
5%
$112
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0